Interest income in June 2024 was Rs. 202 crore to Rs. 20% down to Rs. 162 crores, while a year ago Rs. 54 crores, the cost increased to Rs. 79 crore, mainly due to a more than three-fold increase in staff costs in June 2024 to Rs. 39 crores. .
In a presentation to investors along with the first quarter results, Jio Financial said it has launched loans against mutual funds and auto and two-wheeler digital insurance in July 2024. The company has tie-ups with 31 insurance companies.
Jio Financial has nearly 5 lakh downloads of the Jio Finance app as of July 14, which was launched as a beta version in May 2024. It also launched the beta version of its home loan this month and plans to launch property-against and loan-against loans. Securities in the future.
The company also started its ship leasing business by leasing its first vessel under Reliance International Leasing IFSC Limited (RILIL) in a joint venture with group company Reliance Strategic Business Ventures Limited based in Gift town.
The company will also finance solar panels and IT equipment and has secured approval to expand its Business Correspondents (BC) network to 16,000 outlets. The company said its asset management joint venture with BlackRock is moving forward with an infrastructure and tech platform in an advanced stage of development.
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